Florida Statutes
Fla. Stat. § 617.0830 (2025)
General standards for directors.
✓ 2025 Florida Statutes — current through the 2025 Regular Session
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617.0830 General standards for directors.—
(1) A director shall discharge his or her duties as a director, including his or her duties as a member of a committee:
(a) In good faith;
(b) With the care an ordinarily prudent person in a like position would exercise under similar circumstances; and
(c) In a manner he or she reasonably believes to be in the best interests of the corporation.
(2) In discharging his or her duties, a director may rely on information, opinions, reports, or statements, including financial statements and other financial data, if prepared or presented by:
(a) One or more officers or employees of the corporation whom the director reasonably believes to be reliable and competent in the matters presented;
(b) Legal counsel, public accountants, or other persons as to matters the director reasonably believes are within the persons’ professional or expert competence; or
(c) A committee of the board of directors of which he or she is not a member if the director reasonably believes the committee merits confidence.
(3) A director is not acting in good faith if he or she has knowledge concerning the matter in question that makes reliance otherwise permitted by subsection (2) unwarranted.
(4) A director is not liable for any action taken as a director, or any failure to take any action, if he or she performed the duties of his or her office in compliance with this section.
Notes of Decisions
Cited in 6
cases (3 in the last 5 years), 1993–2026 · leading case: Fox v. Prof'l Wrecker Operators of Florida, Inc., 801 So. 2d 175 (Fla. 5th DCA 2001).
Fox v. Prof'l Wrecker Operators of Florida, Inc., 801 So. 2d 175 (Fla. 5th DCA 2001). “Whether The Complaint Fails To State A Cause Of Action Against The Appellees As Directors of The Corporation Section 617.0830 sets forth the standards of performance required of directors *181 of not-for-profit corporations.”
Sports Enter. Inc v. Marvin Goldklang (3rd Cir. 2026). “SEI argues that Goldklang thus owed fiduciary duties to it under Fla. Stat. § 617.0830 (the State’s non-profit law).”
In Re Maison Grande Condo. Ass'n, Inc., 425 B.R. 684 (Bankr. S.D. Florida 2010). “Fla. Stat. § 617.0830 sets forth the standards for performance by directors of their corporate obligations: (1) A director shall discharge his or her duties as a director, including his or her duties as member of a committee: (a) In good faith; (b) With the care an ordinarily…”
Sports Enter., Inc. v. Goldklang (D.N.J. 2025). “¶ 103 (citing Fla. Stat. § 617.0830 ).) Finally, the SAC alleges that pursuant to Florida law, all members of the Board of Trustees including Goldklang “owed SEI the fiduciary duty to act in good faith, with care of an ordinarily prudent person, and in the best interests of the…”
Goldklang (D.N.J. 2025). “) As this Court noted in SEI II, “[c]ase law supports the proposition that [the duty set forth in Fla. Stat. § 617.0830 ] is limited to the entity and does not extend to the entity’s members.”
State v. Just., 624 So. 2d 402 (Fla. 5th DCA 1993). “[8] Because of our holding that a majority of the board had apparent authority, we need not reach the issue as to whether the board had actual authority to consent to the search and seizure given the unanimity requirement of the corporation's bylaws; however, in light of section…”
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